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Today the Intraday market started off trade on flat note on Monday following mixed Asian cues. The Sensex fell 45.38 points to 21,018.24, and the Nifty declined 14.05 points to 6,247.60. About 465 shares have advanced, 347 shares declined, and 150 shares are unchanged. Wipro is the top gainer in the Sensex, followed by BHEL, Cipla, TCS and Coal India. Among the top losers are Axis Bank, Dr Reddy's Labs, HDFC, Reliance and L&T.
The Indian rupee declined in the early trade on Monday. It has opened lower by 11 paise at 61.67 per dollar as against Friday's closing value of 61.55. Meanwhile, the US dollar started at near a two-month high, having enjoyed a solid comeback last week after a string of mostly upbeat data convinced markets the Federal Reserve will continue its gradual withdrawal of stimulus.
In commodities, US crude fell in early Asian trading on
Monday, easing from a two-week high. , Investors were awaiting the Chinese
data, which was expected to show a slight slowdown in the world's second-largest
economy.
Asian markets opened mostly lower on Monday. Shanghai
Composite was down 0.18 percent, Nikkei declined 0.77 percent and Straits Times
shed 0.48 percent. From precious metals space, gold edged higher to its highest
in nearly six weeks, supported by weaker equities, which are lifting the
metal's safe-haven appeal and improving the investor confidence.
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